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Last week's downward movement continued the medium-term impulse. This allows you to keep short positions opened earlier. For those who could not or did not have time to enter the sales, this can be done after returning to the range of the average move of the last week. The probability of return is 90%.
Buying is also possible but you need to understand that this is a correction to a mid-term bearish impulse.
An alternative model of continuing to fall without returning to the average course of last week has a low probability, thus, working in sales from current levels is not profitable. The implementation of this model will occur only in 10% of cases, which will not give a favorable attitude towards us in the distance.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.
Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
